This could start a bidding war between the 2 premier league clubs over a player who recently graduated from the famed La Masia academy.
Cuenca's current contract ends in the summer and he is free to talk to other clubs in the New Year.
The striker has already scored twice in La Liga and and hit a brace against L'Hospitalet in the Copa del Ray.
It seems that the former Reus man is unhappy at the wages he is being paid (something that is not a problem in the Chelsea camp) but Arsenal have a history of signing young Barcelona players (Cesc Fabregas being the most well known.)
Source: DSG
